U.S. and emerging-economy stock markets advanced, while European indices were mixed.
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Global stock markets were mixed in yesterday's session. In the U.S., the S&P 500 closed flat while in Europe stocks rose across the board.
As investors awaited for more clues on the evolution of trade negotiations between the U.S. and China, financial markets remained in a low volatility environment.
The European Commission's (EC) downward revision of economic growth forecast for the euro area worsened investor sentiment.
Trade tensions continued to impose a cautious tone in financial markets amid news that China would seek the World Trade Organization's support to impose sanctions on the U.S. over dumping tariffs.
Stock markets in advanced economies were mixed.
Concerns about trade tensions and global growth crept back into markets in the last session of the week.
The threat of further trade tariffs between China and the U.S. continued to drive financial volatility up in yesterday's session.
Stock markets dropped across advanced and emerging economies amid higher trade-related uncertainty.
In the last session of the week, stock markets in Europe registered broad-based losses following the U.S.
Investors traded more cautiously in yesterday's session as several regional Fed presidents (Bullard, George, Kaplan) signaled that they favor tapering asset purchases soon. Volatility rose and stock markets declined across advanced and emerging economies.
Investors turned more cautious as the rout in Chinese equities dragged global stock markets in yesterday's session. Volatility jumped and stocks declined across advanced and emerging economies, with U.S. tech equities posting their biggest drop in more than two months.
Financial markets suffered a bout of volatility as U.S. President Trump was said to move ahead with a plan to impose new tariffs on $200bn in Chinese imports.
Volatility declined and global stock markets rebounded as the rout in Chinese equities eased and investors digested the outcome of the Fed's monetary policy meeting.
Markets ended the week with a risk-on session on Friday. Stocks rose across advanced and emerging markets, sovereign yield curves steepened and commodity prices advanced, while in FX markets the USD was roughly flat against major currencies.
During yesterday's meeting, the Federal Reserve sharply upgraded its forecasts for growth in the U.S. and signalled that interest rates would remain unchanged until at least 2024 and that it would continue to buy bonds at a pace of $120 billion per month until it made "substantial further progress" towards its goals.
Ahead of high-level U.S.-China negotiations later in the week, optimism over trade talks boosted investor sentiment in yesterday's session.
Investor sentiment remained positive in yesterday's session, fuelling higher oil prices and gains in stock markets across advanced and emerging economies.
In the last session of the week, financial markets generally assessed the long awaited speech of the Fed President in Jackson Hole as dovish. Jerome Powell affirmed the ongoing economic recovery, although he pointed to the evolution of the Delta variant as the main risk.
Stock indices in advanced economies edged down with the clear exception of the Italian MIB, which continues to recover from last month's losses.